Analysts Set Secure Energy Services Inc. (TSE:SES) PT at C$16.58

Secure Energy Services Inc. (TSE:SES) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$17.20.

A number of brokerages have issued reports on SES. Raymond James upped their price objective on Secure Energy Services from C$14.75 to C$15.25 and gave the company an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets increased their price target on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Scotiabank raised their price objective on shares of Secure Energy Services from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. CIBC boosted their target price on shares of Secure Energy Services from C$16.00 to C$17.25 in a research note on Tuesday. Finally, Eight Capital raised their price target on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

Insider Buying and Selling at Secure Energy Services

In other news, insider David Bonderman sold 2,995 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$16.33, for a total value of C$48,905.36. Also, Senior Officer Michael Wayne Callihoo sold 11,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$12.75, for a total transaction of C$145,350.00. Insiders have sold 54,820 shares of company stock valued at $805,315 in the last 90 days. 0.95% of the stock is currently owned by company insiders.

Secure Energy Services Stock Performance

SES stock opened at C$15.98 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 52.03. The firm has a market cap of C$3.85 billion, a PE ratio of 7.99, a P/E/G ratio of 0.17 and a beta of 2.41. The business has a 50 day moving average of C$15.67 and a 200-day moving average of C$13.21. Secure Energy Services has a 12-month low of C$9.02 and a 12-month high of C$17.13.

Secure Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. Secure Energy Services’s dividend payout ratio is 20.00%.

Secure Energy Services Company Profile

Secure Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.